What’s the difference between an excess and a co-payment?
If you’re admitted to hospital as a private patient, your insurer won’t pay the entire bill for your treatment. As well as the Gap, which is determined by your doctor and your insurer, you’ll also need to pay an excess and possibly also a co-payment, determined by your policy. So what’s the difference between these charges? Why do I have to pay a Gap?What’s the difference between an excess and a co-payment? The excess and co-payment are both amounts you’ll need to pay the hospital towards the costs…